Singapore property developer CapitaLand continues to widen its horizons in Indonesia by acquiring an integrated development slated for completion in 2020, and continuing to lead in providing serviced real estate Indonesia property.
CapitaLand is a globally renowned property developer headquartered in Singapore. They have developed top quality real estate, commercial centres, and office spaces in over 30 countries as well as real estate investments trusts and funds. They are continuously seeking to expand their horizons into more countries and are currently broadening their reach in Indonesia.
In an interview, Ronald Tay, CEO of CapitaLand Singapore, said “We have identified Indonesia, the largest economy in South-east Asia, as one of the growth markets for CapitaLand. Indonesia’s real estate market is underpinned by sound fundamentals such as the country’s steady economic growth, rapid urbanisation, increasing domestic consumption, a rising affluent middle class and a young population.”
CapitaLand has recently launched its SGD 220 million development in partnership with Indonesia property developer Credo Group: The Stature Jakarta. This Indonesia property investment is situated in a prime location in one of Jakarta’s central business districts. This modern luxury property boasts of private lifts, smart home capabilities, and 24-hour concierge services. It also has 360-degree panoramic views of the beautiful city of Jakarta and offers two to four bedroom luxury units and townhouses.
The company has also acquired the serviced residence Ascott Sudirman Jakarta on a turnkey basis. This Indonesia real estate was developed by Ciputra Development Group. They have also acquired management rights to Citadines Canggu Bali and Somerset Sudirman Jakarta, raking up CapitaLand’s total of almost 600 units of managed serviced residences in Indonesia.
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